M&T Bank Corp Increases Position in Sumitomo Mitsui Financial Grp, Inc. (SMFG)

M&T Bank Corp boosted its stake in Sumitomo Mitsui Financial Grp, Inc. (NYSE:SMFG) by 4.1% in the fourth quarter, Holdings Channel reports. The fund owned 436,145 shares of the bank’s stock after buying an additional 17,153 shares during the quarter. M&T Bank Corp’s holdings in Sumitomo Mitsui Financial Grp were worth $3,790,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Fisher Asset Management LLC lifted its position in Sumitomo Mitsui Financial Grp by 4.2% in the fourth quarter. Fisher Asset Management LLC now owns 52,946,471 shares of the bank’s stock valued at $460,105,000 after acquiring an additional 2,152,355 shares during the last quarter. Cambiar Investors LLC increased its stake in Sumitomo Mitsui Financial Grp by 2.1% in the fourth quarter. Cambiar Investors LLC now owns 25,262,202 shares of the bank’s stock valued at $219,529,000 after purchasing an additional 522,256 shares during the period. Parametric Portfolio Associates LLC increased its stake in Sumitomo Mitsui Financial Grp by 18.0% in the third quarter. Parametric Portfolio Associates LLC now owns 6,035,660 shares of the bank’s stock valued at $46,535,000 after purchasing an additional 922,574 shares during the period. Wells Fargo & Company MN increased its stake in Sumitomo Mitsui Financial Grp by 4.7% in the third quarter. Wells Fargo & Company MN now owns 4,635,719 shares of the bank’s stock valued at $35,742,000 after purchasing an additional 209,872 shares during the period. Finally, Aperio Group LLC increased its stake in Sumitomo Mitsui Financial Grp by 7.1% in the fourth quarter. Aperio Group LLC now owns 3,852,586 shares of the bank’s stock valued at $33,479,000 after purchasing an additional 254,804 shares during the period. 2.50% of the stock is owned by hedge funds and other institutional investors.

Sumitomo Mitsui Financial Grp, Inc. (NYSE:SMFG) opened at $8.92 on Thursday. Sumitomo Mitsui Financial Grp, Inc. has a one year low of $6.93 and a one year high of $9.67. The company has a current ratio of 0.98, a quick ratio of 0.96 and a debt-to-equity ratio of 0.94. The stock has a market cap of $62,925.45, a PE ratio of 8.58 and a beta of 1.30.

Sumitomo Mitsui Financial Grp (NYSE:SMFG) last issued its quarterly earnings results on Tuesday, November 14th. The bank reported $0.23 earnings per share (EPS) for the quarter. Sumitomo Mitsui Financial Grp had a net margin of 14.38% and a return on equity of 7.28%. The business had revenue of $12.50 billion for the quarter. research analysts predict that Sumitomo Mitsui Financial Grp, Inc. will post 0.93 EPS for the current year.

SMFG has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Sumitomo Mitsui Financial Grp from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 2nd. ValuEngine upgraded shares of Sumitomo Mitsui Financial Grp from a “buy” rating to a “strong-buy” rating in a research note on Thursday, December 14th. Finally, BidaskClub upgraded shares of Sumitomo Mitsui Financial Grp from a “strong sell” rating to a “sell” rating in a research note on Friday, October 27th.

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About Sumitomo Mitsui Financial Grp

Sumitomo Mitsui Financial Group, Inc is a holding company for Sumitomo Mitsui Banking Corporation (the Bank) and its subsidiaries. The Company operates through four segments: Commercial Banking, Leasing, Securities and Consumer Finance. The Company and its subsidiaries offer a range of financial services, including commercial banking, leasing, securities, consumer finance and other services.

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Institutional Ownership by Quarter for Sumitomo Mitsui Financial Grp (NYSE:SMFG)

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